Matt and I spent a very long time monitoring every last penny that we had and how we spent it. There was a time when I was on maternity leave and a time when I was only working part-time, so that I could volunteer to get Montessori For All up and running. We were also trying to send Henry to Montessori school and save up money to build a house. It was a stressful period. Once we got through it, we both had full-time jobs, our mortgage was just a little more than our rent, and both our children were at a public school.
- I need to go back to our budget and update it based on our current reality. I also need to go through our credit card statements with a fine-tooth comb to see 1) if we have any unnecessary recurring expenses that we are not even aware of and 2) if there are places we can cut back.
- Once we take stock of where we are, we can set goals for ourselves. We have to be honest about the fact that if we go on vacation several times a year, we will need to spend less in other areas in order to end up saving money.
- I love Mint.com's capacity to let us track our spending according to our budgets on a daily basis. We need to get back into using it religiously. Maybe I'll get into the habit of using the app before I let myself go on Facebook.